Bond
Evidence of the borrowing by an issuer and a debt instrument for tax purposes.
bond-basics
Tax-Exempt Bonds
A Bond, the Interest on which is excludable from gross income for federal income tax purposes.
See Also
Tax
Compulsory charges levied by a governmental unit for the purpose of raising revenue.
Tax-Advantaged Bonds
Includes tax-exempt bonds, tax credit bonds and direct pay bonds.
In Contrast To
Taxable Bond
A bond, the interest on which is not excludable from gross income for federal income tax purposes.
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Term of the Week
Securities Act of 1933
Law designed to ensure that investors are provided with material information about new issues of securities offered for sale to the public.